Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Down 36.4% in September

Recon Technology, Ltd. (NASDAQ:RCON) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 24,800 shares, a drop of 36.4% from the August 31st total of 39,000 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 39,300 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Recon Technology in a research report on Thursday. They issued a “sell” rating on the stock.

Recon Technology Price Performance

Shares of Recon Technology stock opened at $3.04 on Thursday. Recon Technology has a 1 year low of $1.26 and a 1 year high of $7.02. The company’s fifty day moving average is $2.32 and its two-hundred day moving average is $2.00.

Recon Technology Company Profile

Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People's Republic of China. The company offers equipment, tools, and other components and parts related to oilfield production and other energy industries; and develops and sells industrial automation control and information solutions.